Media

Media

Maroochydore CBD

Dec 05, 2018 Ann Lindner Comments ((Disabled))

A $83 million residential development combining homes and businesses has been confirmed for the new Maroochy CBD.

Habitat Group has announced its plans to develop two towers in the CBD, the first stage to commence in the second half of 2019.
This announcement follows the Council plans to build a nine storey 'tower of power' in the new city centre that would become the regions new city hall.
Commentator Bernard Salt describes the Sunshine Coast Region as a 'hotbed' of start-up action, and said that millennials and baby boomers would embrace the new city centre as a desirable place to live, work and play.

 ..

Read More
Commercial sales show confidence in Sunshine Coast future

Dec 05, 2018 Ann Lindner Comments ((Disabled))

Queensland Department of Transport has purchased the sites of Warana Markets and neighboring property Point Cartwright Seafood for $11 million.
The 6500m2 (approx) parcel was purchased as part of the Coast Connect Early Acquisition Policy.
The current leases will be honoured with no work taking place for at least seven years.
A great capital gain for the Sellers of the market site, which was was owned by a mother and son team that paid $5.5 million 12 years ago.

Bli Bli Glamping Caravan Park- Riverside Resort was sold for $23.25 million.
It was purchased by an ASX listed company Ingenia Communities Group.
The owners - the McGovern family had spent $10 million on the land and development starting in 2016 and have since won a swag of awards . The Park is running at the highest occupancy of any caravan park in Australia. The business is growing at 15-20 percent each month.
If this rate continues the family look to pocket a further $4.5 million in a years time. Congratulations!

Coolum Beach has long been the favourite with holiday makers and now is going to be 'development darling' following 3 sales of land sites to the value of $10 million.
Mosaic has paid $6 million for a beach front site spanning 5 lots with a total area of 2876m2.
Sunshine Coast based HMR Projects has paid $2 million for a 809m2 site at 15-17 Beach Road.
And another Coast developer has snapped up 4&6 Sunrise Avenue plus 34 Elizabeth for $2.1 million. The three blocks combined total 1818m2.
 ..

Read More
Property Market Activity 2017

Feb 14, 2017 Ann Lindner Comments ((Disabled))

Residential-

In short the local market is booming HOWEVER only in some suburbs. In the past two weeks we have spoken with a number of selling agent with one Buderim agent reporting a Saturday of three open homes with all selling under multiple offer situations, one over the list price.

Similar story in the Kawana Waters coast strip West of Nicklin Way. Due to a severe shortage of quality listings one agent was inundated with 5 offers on the first open home at Warana after hitting the internet at 3pm the previous day. The property was an original beach brick home 3 bed, 2 bath 2 garage two streets back from the beach listed at $610,000+.

Commercial –

The $20 million Bli Bli village Centre development is expected to finish mid year, 50% of the centre has already been leased.

The demand for office space has been quantified within the Property Councils latest Office Market Report. The report shows during 2016 the vacancy rate on the Sunshine Coast fell from 9.2% to 6.9%. Not surprisingly the Sunshine Coast has the lowest vacancy rate in Qld, with Brisbane CBD 15.3% and Gold Coast at 12.2%.

 ..

Read More
Sunshine Coast Property Market

Dec 17, 2014 Ann Lindner Comments (0)

 ..
Recent media is talking down the ‘hotness’ of the property market.

With the Sydney and Melbourne markets slow down affecting SE Qld, what we have seen on the Sunshine Coast is longer ‘days on the market’ overall, but this is yet to equate to lowering prices.

Quality properties at realistic prices are selling within the first two weeks and homes within the radius of the new hospitals site are still being snapped up fast; one 3 bed, 1 bath, double garage Wurtulla home under $400k sold in the first few days with the agent reporting unprecedented ‘backup buyer’ enquiry.
 
Historically November is a quiet time in property sales as people are organising holidays and spending on gifts.  There is usually a flurry of pre-Christmas sales then things really heat up in February.
 
Investors are still happy with the very low vacancy rate on the Coast, especially when combined with the stable interest rate which looks set to stay around till mid 2015.
 
While many are predicting ‘a burst bubble’ soon, the Sunshine Coast has the plans on the board with employment potential and investment spending to give confidence to Buyers.

Business Confidence

Sunshine Coast Business confidence speaks for itself with 1000sq meters of commercial space already leased in the new Kon-Tiki precinct being built in the Maroochydore CBD.  The two, six storey towers are set for completion in July 2016.  The developer Pratt Property is self-funding the project and managing the leasing. Plans for the 16,000 m2 space includes state of the art fibre optic broadband, 360 degree views, bike storage, lockers and showers on each floor along with a gym and a day spa.

Read More

Recent Posts

Tags

Archive